UBS wonders if the Fed will change the feeling of the Forex on USD.
«EUR/USD has experienced a favourable phase previously this week, but we have the Fed meeting tomorrow.
The market does not anticipate much for the rest of the year in terms of rate increases. We’ll see if the Fed will change the negative sentiment on the USD with his rhetoric.
For the moment, the market seems to be bullish on EUR/USD and we are looking to buy on pullback. The area of the 1.1830 seems to be a support pivot for the moment. «